ConsUmer confIdence has slUmped. Is the Doom And Gloom laboUr Is sellIng sappIng all enthUsIasm for the brItIsh economy . The governments crItIcs say, It Is tIme for a new message . Reform say they wIll transform the party to pUt NIgel Farage In nUmber 10. Its a bIg pledge for a party wIth fIve mps. How are they goIng to do It . Good EvenIng And Welcome to newsnIght the home of InsIght and IntevIews. On oUr panel tonIght, The PromInent LaboUr Donor and champIon of Green Energy dale vInce, the former BrexIt Party mep, now talk presenter, alex phIllIps. And the Uk DIrector of more In common lUke tryl. For weeks now the government has been tellIng Us the coUntrys fInances are In a rIght old mess. Prepare yoUrself for some paIn, saId the PrIme MInIster. Well, It seems the coUntry has taken hIm at hIs word. ConsUmer sentIment, whIch powers the economy, has dropped lIke a stone In september. We are less wIllIng to spend, whIch means small and medIUm sIzed bUsInesses are not InvestIng eIther.
Chief political correspondent henry zeffman. Can we start with that leaked letter from Simon Case which you have seen, what does it say . Well the last time we saw Rachel Reeves and Jeremy Hunt facing off, was when Rachel Reeves declared that shed got into office, looked at the bot books and discover there was a 22 billion Black Hole in public spending this year. Simon cayce says he would note. Let me translate the civil service speak. Hes basically that the previous Governments Decision not to revise. Was a big reason for uncertainty in public finances. Thats quite a claim from the cabinet, i suspect they wanted it to stay private but it got leaked to me do it to stay private but it got leaked to m it to stay private but it got leaked to m. ~. leaked to me do you think that is likely to leaked to me do you think that is likely to come leaked to me do you think that is likely to come up leaked to me do you think that is likely to come up with leaked to me do you think that is likely to
We will begin, though, this morning with of course stocks, futures indicate an additional testing of that 3220 level on the s p. Were also talking about the possibility, however remote it might seem, of a relief package coming out of congress,given some conversation, jim, between secretary mnuchin and Speaker Pelosi do you think there is a chance i know that they both care passionately about Small Business if you look at the testimony yesterday by secretary mnuchin, he mentioned restaurants a couple of times. Thats where the yelp numbers that we get, yelp yikes is our vc, where the real damage s youre starting to talk about 50 of the bars and nightlife being closed in this country, thats way too big and i think that the secretary is really alluding to that david, do i think there will be a deal i think there is a sense that both sides feel a deal is bad for them, in other words, if they give if theres a stalemate, they will somehow do better at the election i dont think thats true, but
Gulf. Earnings reports first since the u. S. Blacklist. Warnings of difficulties ahead. We speak to the companys chairman. Im matt miller, in for Francine Lacqua in berlin. Lets check on markets. Gains in london, drops across europe. Stoxx 600 down a half a percent. Bp holding it back from bigger losses. To pound continues to weaken see thes, and you japanese yen strengthening. By 108. Dollar can only. 6 of yen. The fed is expected to cut rates tomorrow. Yield and coming up we speak to the ceo of cap gemini, 9 30 a. M. London time. A lot to catch up on today as we have a slew of exclusive interviews. Lets get the first word news from new york. Ratesa mexicos interest are too high for the slowing economy according to the president. The central bank has cap the key high,t 8. 25 , a decade and this makes it one of the strongest currencies this year. The mexican economy may be in mild recession. [speaking foreign language] they are more cautious about inflation. ,his is not a bad thing, no